Merck KGaA: market likes new strategic plan

(CercleFinance.com) - Merck KGaA shares rose on the Frankfurt stock exchange on Thursday after presenting a new strategic plan that will enable it to post annual sales of 25 billion euros by 2025.


The stock is currently up 1.8%, the biggest winner on the leading DAX 30 index, which is down 0.2%.

This morning the German chemical and pharmaceutical group announced at an investor meeting that it intends to grow its sales at an average annual rate of at least 6% (in organic terms) through to 2025.

About 80% of this growth is expected to come from its three "Big 3" businesses - process manufacturing, new health-related products and semiconductor solutions.

Its sales target of 25 billion euros for 2025 compares with annual sales of 17.5 billion euros last year.



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